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Baltimore Mayor and City Council, MD's GO Outlook Revised To Positive May 06
Standard & Poors, May 2006
Abstract
NEW YORK (Standard & Poor's) May 25, 2006--Standard & Poor's Ratings Services revised its GO rating outlook on Baltimore Mayor and City Council, Md. to positive from stable based on an improving demographic profile highlighted by a stabilizing population, increasing wealth levels, and reduced unemployment, coupled with the improved fiscal position of the city's school system. At the same time, Standard & Poor's assigned its 'A+' rating to Baltimore Mayor and City Council's $47.6 million taxable and tax-exempt GO consolidated public improvement bonds series 2006A and B and affirmed Baltimore's 'A+' GO debt rating. The 'A+' rating has long taken into account the city's sound and conservative financial and debt policies, which have allowed for the buildup of sizeable reserves...
Companies mentioned in this report are: Baltimore Mayor & City Council
Action: New Rating
Action: Outlook: Positive
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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